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This book sheds new light on if and why, between 2009 and 2015,
European governments succeeded or failed in initiating and actually
realizing some of the farthest-reaching austerity plans in modern
history. The author analyzes the economic and political context and
the underlying causes of austerity and economic adjustment packages
during the Euro crisis. In doing so, he shows that austerity has
its roots in an institutional mismatch between capitalist diversity
in the Eurozone on the one hand, and an ill-conceived common
economic regime on the other. In this context, austerity trumped
politics, and even democracy itself. The book will appeal to
scholars of political science and comparative political economy, as
well as governmental policymakers and practitioners in the finance
sector.
This book sheds new light on if and why, between 2009 and 2015,
European governments succeeded or failed in initiating and actually
realizing some of the farthest-reaching austerity plans in modern
history. The author analyzes the economic and political context and
the underlying causes of austerity and economic adjustment packages
during the Euro crisis. In doing so, he shows that austerity has
its roots in an institutional mismatch between capitalist diversity
in the Eurozone on the one hand, and an ill-conceived common
economic regime on the other. In this context, austerity trumped
politics, and even democracy itself. The book will appeal to
scholars of political science and comparative political economy, as
well as governmental policymakers and practitioners in the finance
sector.
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